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Steady Growth Projected for Immunodiagnostics Market: Key Growth Drivers and Emerging Trends for an Industry Expected to Reach $33.14 Billion by 2029
Steady Growth Projected for Immunodiagnostics Market
What Is The Projected Market Size Of The Global Immunodiagnostics Market And Its Growth Rate?
• 2024 Market Size: $22.88 billion
• 2025 Market Size: $24.54 billion (7.3% CAGR)
• 2029 Market Size: $33.14 billion (7.8% CAGR)
The growth of the immunodiagnostics market can be credited to the increasing incidence of infectious diseases, rise in autoimmune diseases, cancer diagnosis and monitoring, as well as developments due to globalization of infectious diseases, public health initiatives, and screening programs.
What Is Driving The Growth In The Immunodiagnostics Market?
The rise in the prevalence of infectious diseases significantly contributes to the growth of the immunodiagnostics market. Diseases caused by germs such as viruses, bacteria, fungi, or parasites are increasingly becoming common. For instance, according to the Centers for Disease Control and Prevention, in March 2024, the number of tuberculosis cases rose significantly from 8,320 in 2022 to 9,615 in 2023. As a result of these factors, the demand for immunodiagnostics, which can identify viruses in a blood sample, is expected to increase.
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Who Are The Key Players Driving Immunodiagnostics Market Growth?
• Abbott Laboratories
• Arkray Inc.
• bioMérieux Inc.
• Immunodiagnostic Systems Holdings Plc (IDS)
• Bio-Rad Laboratories Inc.
• DiaSorin S.p.A.
• F. Hoffmann-La Roche Ltd.
• Johnson & Johnson Services Inc.
• Siemens AG
• Sysmex Corporation
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Qiagen N.V.
• Tecan Trading AG
• PerkinElmer Inc.
• Merck KGaA
• Becton Dickinson and Company
• Grifols S.A.
• Ortho Clinical Diagnostics
• Beckman Coulter Inc.
• Bio-Techne Corporation
• Creative Diagnostics
• Fujirebio Holdings Inc.
• Gold Standard Diagnostics Corp.
• Hologic Inc.
• Luminex Corporation
• Myriad Genetics Inc.
• Natera Inc.
• OraSure Technologies Inc.
• Quidel Corporation
What Are The Key Trends In The Immunodiagnostics Market?
Major trends in the immunodiagnostics market include:
• Multiplexing technologies
• Point-of-care testing (POCT)
• Biomarker discovery and personalized medicine
• The rise of digital immunodiagnostics
• Shift toward liquid biopsy
What Are The Segments Of The Global Immunodiagnostics Market?
The immunodiagnostics market can be segmented by:
1) By Product: Reagents And Consumables, Instruments, Software And Services
2) By Technology: Enzyme-Linked Immunosorbent Assay, Chemiluminescence Immunoassay, Fluorescent Immunoassay, Radioimmunoassay, Rapid Test, Other Technologies
3) By Application: Infectious Diseases, Oncology And Endocrinology, Bone And Mineral Diseases, Autoimmunity Disorders, Cardiac Biomarkers, Drug Monitoring, Other Applications
4) By End User: Hospitals, Clinics, Diagnostic Laboratories, Academic And Research Institutes, Other End Users
Which Region Leads The Immunodiagnostics Market?
North America was the largest region in the immunodiagnostics market in 2024. The regions studied in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Immunodiagnostics Market Global Market Report?
- Market Size Analysis: Analyze the Immunodiagnostics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Immunodiagnostics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Immunodiagnostics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Immunodiagnostics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Key Companies Operating in this Market
Ortho-Clinical Diagnostics
Immunodiagnostic Systems (IDS)
Abbott…
